Bill Text: IL HB4629 | 2013-2014 | 98th General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. Requires purchasers of tax delinquent property to reimburse holders of certain notes and receiver's certificates issued under the Illinois Municipal Code before a tax deed may be issued. Provides that, in lieu of reimbursement, the tax sale may be set aside as a sale in error. Effective immediately.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Failed) 2014-12-03 - Session Sine Die [HB4629 Detail]

Download: Illinois-2013-HB4629-Introduced.html

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98TH GENERAL ASSEMBLY State of Illinois 2013 and 2014 HB4629 Introduced , by Rep. Andr� M. Thapedi SYNOPSIS AS INTRODUCED:
35 ILCS 200/22-35
Amends the Property Tax Code. Requires purchasers of tax delinquent property to reimburse holders of certain notes and receiver's certificates issued under the Illinois Municipal Code before a tax deed may be issued. Provides that, in lieu of reimbursement, the tax sale may be set aside as a sale in error. Effective immediately.
LRB098 16106 HLH 51162 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
HB4629 LRB098 16106 HLH 51162 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by changing
Section 22-35 as follows:
(35 ILCS 200/22-35)
Sec. 22-35. Reimbursement of municipality before issuance
of tax deed. Except in any proceeding in which the tax
purchaser is a county acting as a trustee for taxing districts
as provided in Section 21-90, an order for the issuance of a
tax deed under this Code shall not be entered affecting the
title to or interest in any property in which a city, village
or incorporated town has an interest under the police and
welfare power by advancements made from public funds, until the
purchaser or assignee makes reimbursement to the city, village
or incorporated town of the money so advanced or the city,
village, or town waives its lien on the property for the money
so advanced. However, in lieu of reimbursement or waiver, the
purchaser or his or her assignee may make application for and
the court shall order that the tax purchase be set aside as a
sale in error. A filing or appearance fee shall not be required
of a city, village or incorporated town seeking to enforce its
claim under this Section in a tax deed proceeding.

HB4629 - 2 - LRB098 16106 HLH 51162 b
An order for the issuance of a tax deed under this Code
shall not be entered affecting the title to or interest in any
property in which a holder of a note or receiver's certificate
issued against the property pursuant to Section 11-31-2 of the
Illinois Municipal Code, and duly recorded and transferred by
the receiver after its initial issuance as provided in that
Section, has an interest under the note or receiver's
certificate until the purchaser or assignee makes
reimbursement to the holder of the note or receiver's
certificate in the face amount of the note or certificate plus
any accrued interest thereupon. However, in lieu of
reimbursement, the purchaser or his or her assignee may make
application for and the court shall order that the tax purchase
be set aside as a sale in error.
(Source: P.A. 93-490, eff. 8-8-03.)
Section 99. Effective date. This Act takes effect upon
becoming law.